1028 Banks Avenue, Superior, WI 54880

Local realty services provided by:ERA Prospera Real Estate
1028 Banks Avenue,Superior, WI 54880
$350,000
  • - Beds
  • - Baths
  • 2,260 sq. ft.
  • Multi-family
  • Active
Listed by: megan l wilson
Office: re/max results duluth
MLS#:6807647
Source:NSMLS

Price summary

  • Price:$350,000
  • Price per sq. ft.:$154.87

About this home

Fully leased 5-plex in a prime Superior location! Situated on the corner of Banks Avenue and N 11th Street, this solid, well-maintained property features three 1-bedroom units and two studio apartments. The building offers a full poured-concrete basement and strong rental history. Several units have been updated, with opportunity to add value as others turn over. Per the seller, the Weil-McLain boiler and heating components have been upgraded, and the roof has been recently replaced. Currently generating approximately $4,055 per month in rental income with average monthly expenses of about $960 (utilities, taxes, and insurance) — this is a great opportunity for steady cash flow and continued equity growth

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Home facts

  • Year built:1914
  • Listing ID #:6807647
  • Added:25 day(s) ago
  • Updated:November 17, 2025 at 05:43 AM

Rooms and interior

  • Living area:2,260 sq. ft.

Heating and cooling

  • Heating:Hot Water

Structure and exterior

  • Year built:1914
  • Building area:2,260 sq. ft.
  • Lot area:0.09 Acres

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$154.87
  • Tax amount:$3,441 (2024)
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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